REDCO
Current Rates
25 Year Rate
5 %
20 Year Rate
5 %
10 Year Rate
5 %
REDCO
Current Rates
25 Year Rate
5 %
20 Year Rate
5 %
10 Year Rate
5 %

Community Impact

Creating vibrant communities and a positive economic impact.

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Initiatives
We Support

At REDCO, we support local initiatives that align with our goals, helping advance small business through entrepreneurial programs and workforce development initiatives.

REDCO aims to create a lasting, positive impact on the communities we serve by aligning our efforts with the public policy goals of the SBA 504 program.

Our focus on community impact ensures that each loan contributes to the broader economic development and stability of the regions we support.

Stafford County Economic Development Authority
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Financial Programs | Stafford County Economic Development Authority 


To support small businesses throughout Stafford County, the Stafford County Economic Development Authority (EDA) offers a suite of financial programs, including microloans to support growth opportunities and the immediate needs of new and existing businesses; gap financing for commercial real estate development, equipment, inventory, and work capital; and funding for new and innovating technology-based businesses. The Stafford County EDA also provides financial support for nonprofit, community-based organizations whose efforts emphasize job creation and economic and community growth.

University of Mary Washington Center for Economic Development
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StartUpUMW | University of Mary Washington

Through a semester-long program designed to engage and inspire entrepreneurship, StartUpUMW teaches students how to start and run a business. Students learn from experienced, successful entrepreneurs and professionals, and in the process gain a greater understanding of what it takes—and what it means—to be successful business owners.

The Fredericksburg Economic Development Authority
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InvestFXBG | City of Fredericksburg Economic Development Authority


InvestFXBG is a loan program funded and administered by the Fredericksburg Economic Development Authority for small and growing businesses in the City of Fredericksburg. The mission of InvestFXBG is to provide capital for business, community, and economic development with the goal of creating jobs, encouraging private investment, and recirculating community capital through prudent lending practices within the City of Fredericksburg.

SBA 504 Program
Public Policy Goals

Job Creation

Promoting business growth and job creation.

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Renewable energy production

Encouraging sustainable and renewable energy initiatives.

Improving, diversifying, & stabilizing the local economy

Enhancing economic resilience and stability in local communities.

Supporting Diverse Business Ownership

Supporting diverse business ownership and leadership including Veteran-owned, woman-owned, or minority-owned small businesses​.

Rural, HUBZone, & revitalization area business locations

Promoting economic development in underserved and economically disadvantaged areas or in communities that have identified areas needing commercial revitalization.

Strengthening
Economic Development

Increasing productivity & competitiveness

Supporting businesses that are investing in retooling, robotics, and modernization to help them compete with imports and improve productivity. Additionally, supporting modernizing or upgrading facilities to meet government health, safety, and environmental requirements.

Promoting sustainable building designs

Encouraging the use of sustainable building designs, such as Leadership in Energy and Environmental Design (LEED) certification, to promote environmentally friendly construction practices.

Reducing unemployment

Supporting businesses in regions where the unemployment rate is 20% higher than the national average, helping to reduce joblessness and boost local economies.

Manufacturing

Supporting manufacturers in acquiring real estate and other major fixed assets to help automate, upgrade, and create efficiencies to support their growth and help create or retain jobs.

Reducing energy consumption

Supporting businesses that are reducing existing energy consumption by at least 10%. In cases of new businesses, new construction or replacement/upgrade of certain equipment, the renewable energy sources must generate at least 15% of the energy used at the building.

Our National & Community Partners

America's SBDC Maryland
Maryland Small Business Development Center
https://redco504.org/wp-content/uploads/2024/11/Virginia-Bankers-Association.svg
Virginia Bankers Association
Maryland Bankers Association
Maryland Bankers Association
Bethesda CoC
The Greater Bethesda Chamber of Commerce
Stafford County Economic Development Authority
Stafford County Economic Development Authority
The Fredericksburg Economic Development Authority
The Fredericksburg Economic Development Authority
Fredericksburg Regional Alliance
Fredericksburg Regional Alliance
Fredericksburg Regional Chamber of Commerce
Fredericksburg Regional Chamber of Commerce
University of Mary Washington Center for Economic Development
University of Mary Washington Center for Economic Development
Risk Management Association
Risk Management Association
National Association of Development Companies
National Association of Development Companies
U.S. Small Business Administration
Small Business Administration
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